Because most scammers use alts to prey on the crypto community. But, I'll just clarify that not all altcoins are bad investments, that's not what it means.
You can't just stop others and yourself from investing in alts, you or we must also know that there is a high risk involved in putting our money into it, so that even if something bad happens, you know and you are ready for the consequences too.
One of the major set back of layer 2 network is that, it allow smart contract duplication and multiple chain development and their success was then aided with the ethereum blockchain which allow the external collaboration from various chains.
- This chain has created room for several project development and various types in the market, the majority of them are now scams, dead projects and what have you.
- we have seen so much hype that rides the cryptocurrency market at various times since after the 2017 altcoin boom that opens up the altcoin market to the rest of the world, the development has led to various hype such as ICO IEO Difi NFTs and the rest.
-some times I stop to think of it that the altcoin markethasdonee more harm than good to the young growing cryptocurrency industry.